PETALING JAYA: Cahya Mata Sarawak Bhd has launched legal action against six former directors of the group and its subsidiary, Samalaju Industries Sdn Bhd, for allegedly breaching their fiduciary duties.
The company is claiming RM52.69mil in special damages, among others, from the individuals, including Sarawak Yang di-Pertua Negeri Tun Abdul Taib Mahmud’s son-in-law Datuk Syed Ahmad Alwee Alsree.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!